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Greece debt crisis News

Greece debt crisis

11 Feb 2016

`Grexit` fears loom without solid Greek reforms: IMF

Fears that Greece will exit the eurozone, a "Grexit", could revive if Greek authorities do not come up with "credible" reforms, notably on pensions, a senior IMF official said Thursday.

15 Aug 2015

Greek PM faces revolt after eurozone approves huge bailout

Greek Prime Minister Alexis Tsipras was Saturday battling a major revolt amongst members of his radical-left party who oppose the third huge bailout for the crisis-hit country.

06 Aug 2015

Greece makes loan interest payment to IMF

Greece made a loan interest payment due Thursday to the International Monetary Fund, the institution said, avoiding another default as the debt-riddled country negotiates a third rescue plan.

06 Aug 2015

Greek PM sees bailout deal after August 15

Greek Prime Minister Alexis Tsipras and French President Francois Hollande agreed Thursday that Athens and its international creditors "can and must" reach a bailout deal after August 15.

04 Aug 2015

Greek finance minister says bailout deal possible by August 20

Greek Finance Minister Euclid Tsakalotos expressed confidence Tuesday that Athens and its creditors will reach a deal on a new bailout in time for August 20, when a huge debt payment is due.

03 Aug 2015

Greece's stock market to reopen today after five-week shutdown

Greece's stock market will reopen on Monday after a five-week shutdown caused by capital controls, but local investors will face restrictions aimed at stemming capital flight.

01 Aug 2015

Greek bailout talks with auditors begin

Senior EU-IMF auditors has held their first meetings with Greek ministers to finalise a new three-year bailout as the Athens stock market prepares to reopen after being shut down for over a month by the debt crisis.

27 Jul 2015

Greek creditors seek third wave of reforms before loan

International creditors want Greece to enact a third wave of politically sensitive reforms before they will release any money to keep the near bankrupt country afloat under a third bailout they began negotiating on Monday.

Greece debt crisis

19 Jul 2015

Greek banks to reopen Monday but capital controls remain

Greek banks will reopen Monday after a three-week closure and withdrawal limits have been relaxed, but capital controls remain in place, a government decree said Saturday.

17 Jul 2015

Gold slides to 8-month low as US rate rise looms

Gold fell to an eight-month low on Thursday after the U.S. Federal Reserve`s reiteration that interest rates were likely to rise this year pushed the dollar index to a seven-week high.

Greece debt crisis

16 Jul 2015

ECB, Eurogroup give Greece breathing space after Athens vote

Eurozone ministers approved the launch of Greece bailout talks and the ECB boosted its cash lifeline to the crisis-hit country Thursday after lawmakers in Athens grudgingly passed a tough reform package demanded by creditors.

Greece debt crisis

15 Jul 2015

Spain PM to submit Greek debt deal to parliament

Spain`s Prime Minister Mariano Rajoy said Wednesday he will submit the eurozone deal on Greece`s debts to parliament to ensure support for his country`s multi-billion dollar contribution.

08 Jul 2015

Greek PM calls Obama to discuss debt crisis

Obama reiterated that it is in everyone's interest that Greece and its creditors reach a mutually-acceptable agreement, the statement said.

Yanis Varoufakis

04 Jul 2015

Greek finance minister accuses creditors of 'terrorism'

Greek Finance Minister Yanis Varoufakis accused Athens' creditors of "terrorism" in an interview published on Saturday, a day before Greeks vote in a high- stakes referendum on their bailout.

03 Jul 2015

How to put the Greek economy on the path of recovery

No matter the solution found for Greece`s debt crisis, fixing problems in Greek tax structures, foreign investment flows and export activity must take place for the economy to start growing again.

03 Jul 2015

EU, IMF heap pressure on Greece days ahead of crucial vote

The EU and IMF heaped pressure on Greece Thursday, warning of the perilous state of the country`s finances, days ahead of a controversial referendum that could determine its future in the eurozone.

Greece debt crisis

02 Jul 2015

Greece`s government `may resign` in event of `No` vote

Greece`s radical left government suggested it would resign if it fails to get its way in a make-or-break referendum Sunday that could decide the country`s financial future.

01 Jul 2015

Indian IT firms to see marginal impact of Greek crisis: BofA

Large IT companies in India are likely to see a marginal 1-2 percent earnings impact from the economic crisis in Greece due to their exposure to Europe, while their direct revenue exposure to Greece is "practically zero", a research report said today.

Greece debt crisis

01 Jul 2015

Greece's PM Tsipras digs in against bailout

Greece was being "blackmailed", he said, quashing talk that he might delay the vote, call it off or urge Greeks to vote yes.

30 Jun 2015

EU in last-ditch bid to Greece, urges 'yes' vote to bailout

European leaders Monday pleaded with Greek voters to back hotly disputed bailout proposals in a crunch referendum or face leaving the euro as bank closures left many in Greece scrambling to find cash.

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